Thursday, July 10, 2025
30 C
London
HomeFinTechRipple Selects BNY Mellon for Custody of Its Stablecoin Assets

Ripple Selects BNY Mellon for Custody of Its Stablecoin Assets

Date:

iCapital Raises $820 Million to Transform Alternative Investment Platforms

A Major Funding Round for Revolutionizing Access to Alternative...

Ant International Targets Stablecoins with USDC Integration

Exploring Innovative Financial Solutions with Ant International's New Stablecoin...

Revolut Targets $6.5 Billion Valuation in Upcoming Funding Round

Exploring the fintech company's ambitious growth plans and market...

A Strategic Partnership to Enhance Digital Asset Management and Custody Services

Highlights:

  • Ripple has chosen BNY Mellon to provide custody for its new stablecoin assets.
  • The partnership aims to enhance the management and security of digital assets.
  • This collaboration signifies a growing trend of traditional financial institutions embracing blockchain technology.

Ripple’s recent partnership with BNY Mellon marks a significant step in the evolution of digital asset management. By leveraging BNY Mellon’s established infrastructure, Ripple aims to ensure secure custody for its stablecoin assets. This collaboration not only strengthens Ripple’s position in the digital currency space but also highlights the increasing acceptance of blockchain by traditional financial institutions. The move is seen as a key development for both companies in navigating the future of finance.

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories